Good news is I have a bidding war going on with the house so it should all end well. 

I just wanted to get people's opinion here.Residential has numerous advantages - easy to find tenants, Fannie Mae offering long term loans, etc.

My understanding is that the 100 year flood zone is designated "A" and there are numerous sub zones within the A zones.

I'm hoping to get a little insight and/or suggestions dealing with MLO's.I primarily do lease options & I've been contacting numerous loan officers/brokers explaining that I'd like to send potential clients their way & that I'd like for them to run an initial credit check to see if the tenant/buyer could qualify for a mortgage within 12-24 months if they took the necessary steps to clean up their credit.  

I hear on the podcast from time to time, "A" location, "B" location, "C" location, "war zone"Can someone help me define these? 

In my case I've had about $850+  in repairs so far and that emergency fund really helped out.I'm planning to buy another rental property next year to aggressively build a early retirement fund and college fund for our child.Buy and hold and as time goes by you'll also find a mentor, someone who owns numerous properties , they can be very insightful for any beginner in realestate. 

Throughout my years in construction I have found that there are numerous people who have gotten hurt on their first deal, home, or even small renovation.

Quotations were used because the term is subjective and hard to define from a numerical perspective.Yet, to measure an individual's true financial stance, I believe net worth should have been used instead of income.

I think the advantage I have at buying from this place is that I have a business partner who now lives in Cleveland who also grew up there so he should know if a deal is great or just in a war zone.

You have 2 real options, if you don't want to either end up with properties in a war zone or with properties that will never cash flow...do your homework or go with a reputable turnkey provider.